Converse, Howard County, Indiana Property Taxes
The median property tax rate in Converse, IN is 1.02%, slightly higher than both the national median of 0.99% and Indiana's state median of 0.99%. With the median home value in Converse at $139,700, the typical annual property tax bill reaches $1,577, which is lower than the national median of $2,690. Property taxes in Converse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Converse's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Converse or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Converse, Howard County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,425
$1,322
Ownwell’s Converse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Converse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Converse to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Converse, Howard County, Indiana
Property taxes in Converse, Indiana, are essential for funding key local services, including public schools, road maintenance, and emergency services. The median tax rate in Converse is 0.88%, which is lower than both the Indiana state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Converse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Converse estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Converse's effective property tax rate to other counties in Indiana and the national median. For comparison, the 46919 zip code has the highest median property tax rate of 0.88%, while the same zip code has the lowest median tax rate of 0.88%. Understanding how these cities compare with Converse provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Converse Tax Rate
1.02%
Average Howard County Tax Rate
1.00%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Converse, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | 0.62% | 0.84% | 1.02% | 1.95% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Converse, Howard County, Indiana
In Converse, Indiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Howard County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Converse, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Converse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,577 in the 46919 zip code, which is also the lowest, highlighting the uniformity in tax bills within this region.
Property Tax Assessment Values Across Converse, Howard County, Indiana
Source: Ownwell
$68,300
$120,800
$173,300
Average Converse Assessed Value
$139,700
Average Howard County Assessed Value
$120,500
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Converse, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | $59,580 | $99,650 | $139,700 | $175,500 | $290,280 |
Source: Ownwell
Property Tax Bills Across Converse, Howard County, Indiana
In Converse, located in Howard County, IN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Converse, the median home price stands at $139,700. The property tax bill can vary significantly, with the 25th percentile paying around $832 annually, while those in the 75th percentile face a tax bill of approximately $2,324. At the 90th percentile, homeowners might pay as much as $3,508. The tax rate in Converse is influenced by various factors, including local government budgets and school district funding needs. Compared to the national median property tax rate of 0.99%, the property tax rate in Converse can have a considerable impact on homeowners, affecting their overall financial planning and homeownership costs. Understanding these factors can help residents anticipate their property tax obligations more accurately.
Average Converse Tax Bill
$1,577
Average Howard County Tax Bill
$1,236
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Converse, Howard County, Indiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 46919 | $512 | $832 | $1,577 | $2,324 | $3,508 |
Source: Ownwell